The volume of traded HIVE on MEXC is huge! I don't know if the same thing is happening in other CEXes where HIVE is traded.
HIVE surpassed the volume of XRP, HBAR, and Pi. I am not certain how to interpret this.
In the stock market, a huge volume of traded shares would mean that a particular stock is catching the attention of investors. I am not sure if the same could be said in the case of HIVE.
Perhaps, such a huge volume only indicates that a MEXC whale or a huge number of traders on MEXC are positioning themselves for what is about to take place.
It is unusual to see such a large volume on a downtrend. Typically, a selling pressure of that size would crash the price. However, despite that gigantic volume, somebody or a group of buyers absorbed it.
Anyhow, my key takeaway from such volume is that I am expecting significant price action to take place in days to come.
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Someone has a ton of money to play with.
Let us see how this will unfold.
unexpected pump. i will never understand who buys that much to make it pump
Maybe the koreans have moved there from upbit.
If so we could get a monster pump like the upbit days.
I just bought 200 HIVE.
Maybe someone knows something we don’t. Either way, if buyers are absorbing it, things could get interesting. Might be time for me to keep an eye on MEXC
It's good that at the same time that someone has the buying power to capitalize on something he knows.
very good indeed !BEER
Maybe the koreans have moved there from upbit.
If so we could get a monster pump like the upbit days.
That's interesting. I hope that's the case.
I am expecting a massive pump very soon looking at this chart
!MEME
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